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> Isn't this just a puff piece for hacker-rank? As far as I can see it is. This seems to be suggesting that they are replacing the traditional route of hiring
by lucozade 10y ago
> Isn't this just a puff piece for hacker-rank?
As far as I can see it is. This seems to be suggesting that they are replacing the traditional route of hiring from tier 1 universities. This is how they filled graduate jobs. They still do this, to more or less the same extent, but that's only a smallish proportion of overall hires.
For experienced hires, most of the devs come from other financial institutions.
Their stat of 10% new hires is misleading. That's 10% churn per bank not 10% added to the industry as a whole.
All the banks are looking for more avenues for finding developers. Although they usually prefer people with relevant experience, they are relatively hard to come by and are expensive.
Bringing people in from other fields has been going on for a while. What JPM are doing in Delaware doesn't look a million miles away from what they did in Glasgow 15 or so years ago but on a much larger scale. There they largely recruited from utilities companies if I recall correctly.
So yes, the banks are looking outside finance more than they did in the past but it's really not a novel thing at all.